I agree with that they will never have the power density that nuclear delivers for power projection.
The USN has been sponsoring blue green laser research since the early 1980's,...
and they do not talk about it much,...
these AIP submarines present the greatest threat to SSNs, etc. in littoral and sub littoral zones,...
these zones just happen to coincide with coastlines which provide airstrips which provide air superiority,...
any and all submarines are severely challenged to operate in areas where air superiority is uncontested and air surveillance is extensive,...
in areas where such air superiority is established, hunter-killer units utilizing all sorts of antisubmarine tools (including blue green lasers, drones, etc.) pert much severely curtail submarine ops,....
so, what do these AIP submarines gain for their sponsoring Navies?
well, in detailed and vetted wargames amongst friendly allies it allows the second tier players to claim victory in certain scenarios with meticulously established rules of engagement,...
i.e. - they get to beat their chest with pride in the face of the big dogs,...
practically; they are an expensive toy to national ego for those who cannot afford the real thing,...
because in the real world, IF you have air superiority with extensive surveillance capacity in littoral zones, THEN API submarines, indeed pert much all submarines, are superfluous,...
OBTW - almost forgot,...
air superiority is cheaper to attain and more effective than submarines,...
so,....
flat tops before boats,...